Not A Temporary Job

by on September 23, 2014

Moving to Nevada  Today TaxMama® hears from Dustin in the TaxQuips Forum, who has a very reasonable question. (Let me paraphrase.) “I live in Idaho and just got a construction job in Nevada that will last two years. My wife wants to stay in Idaho near her doctor during her pregnancy. What’s the best way to handle the state residency tax issues?”


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Charity by Proxy

August 19, 2014

Today TaxMama® hears from GuideForThePoor in the TaxQuips Forum, who has an interesting question. “Suppose your deductions are too low to itemize, but you still want to give money to charity. Can you give the money to a friend who does itemize – and have the friend donate it to charity and get the deduction?” […]

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BackDoor IRA

July 14, 2014
Back Door - IRA

Today TaxMama® hears from ET in the TaxQuips Forum, who recently learned about Back Door Roth IRA contributions and wanted to know how they work. photo by:

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Single Member LLC

July 2, 2014
LLCs and Incorporating

  Today TaxMama® hears from Sheronda in the TaxQuips Forum, with this question – which is more common than you might think. She read this on the Delaware website “Single-member Delaware LLCs are “disregarded entities” according to IRS regulations, which means they have no U.S. income tax and no reporting due.” And asks, “Does this […]

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Tax Roundtable Schedule and Replays for 2014

July 1, 2014
TaxMama's Tax Roundtables

TaxMama’s Tax Roundtable is a monthly live discussion open to all TaxMama Family Members and above, and all TaxMama’s EA Exam and Solving the Tax Puzzle Students. Please mark your calendars! It meets at 8:05 am PACIFIC on the third or fourth Thursday of the month (unless there are conflicts) (and dates are subject to […]

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Q2 Estimated Tax Due

June 17, 2014
FBAR and FATCA, june 30 deadline

Today TaxMama® wants to take a moment to remind you about two key June deadlines. Today – estimated taxes are due. June 30th – the FBAR filing. photo by: james mallos

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Student Loan Interest

June 2, 2014

Today TaxMama® hears from Sheronda in the TaxQuips Forum, with this common issue (edited). “Taxpayer paid off her student loan using a home equity line of credit (HELOC)? Is the interest still deductible?” photo by: Tania Liu

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Capital Gain Bracket

May 19, 2014
Capital gains

Today TaxMama® hears from Hammed in the TaxQuips Forum, with this interesting question. “What is the income limit for married filing jointly to pay ZERO capital gains tax in 2014? Does the income include the social security benefits?” photo by: 401(K) 2013

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Tax-Free Muni Bonds

May 12, 2014
Thumbnail image for Tax-Free Muni Bonds

Today TaxMama® hears from Rosemount in the TaxQuips Forum, with this excellent question. “What taxes would be due on municipal bond fund earnings if a Florida resident?” photo by: LendingMemo

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